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Here is today’s Breaking News from Letting Agent Today. Join the debate by leaving a comment below a story - you will need to be logged-in to do this.

Breaking News

Buy to let sector still strong according to major specialist lender

The Paragon Group of Companies has reported that its new buy to let lending totalled £556.2m for the six months to the end of March this year -...

New deal means agency group manages homes worth £2.5 billion

The latest deal by Lomond Capital means the rapidly expanding property group now manages over £2.5 billion of residential units.   Lomond has now acquired Wolf’s Lettings and...

London council issues first lettings sector 'civil penalty'

The London council of Newham is thought to be the first local authority in the UK to use new powers to issue a direct fine on...

Buy to let expert release video 'shows' for use by agents

A series of six video ‘shows’ - ideal for agents to promote to would-be investment buyers - has been launched by buy to let expert Kate...

Trade group wants new government to improve slow court process

The Residential Landlords’ Association is demanding that the new government improves the “slow, complex, and underfunded” system which means that it takes an average of 43...

Rents tumble in parts of London swamped with new-build apartments

An analysis by investment specialists London Central Portfolio reveals that in areas of central London swamped with new builds coming to the rental market at roughly...

First graduates emerge from letting agency training programme

The first letting agents to have completed a new training course aimed at improving services for tenants and landlords have graduated.    Some 81 agents have completed the...

Letting agency chain enters into deal with specialist energy provider

One of the UK’s largest independent letting agency chains, Leaders, has entered into a partnership with specialist energy provider Spark Energy.    Leaders is part of Property Services...

Mortgage interest tax change - election candidates receive 1,500 letters

Some 1,500 landlords have responded to a trade group’s campaign calling for them to press General Election candidates to oppose changes to mortgage interest tax relief...

Small-scale BTL investors 'waking up to tax change' says trade group

Single property landlords are finally waking up to the fact they could be pushed in to a higher tax bracket following the introduction of new taxation...

Franchise group says Fees Ban will have only limited effect

Hunters says its franchise agents and offices may suffer less than other firms thanks to their sales operations.   Addressing the Hunters Group annual meeting at the end...

Tenant referencing firm sets up specialist Fees Ban team

Tenant referencing company Rent4sure has set up a new team to support agents in the light of the expected ban on fees levied on tenants in...

Student accommodation 'remains massive investment opportunity'

Research experts at high-end agency Savills say a total of £5.3 billion is expected to be invested in the student accommodation sector this year, up 17...

Letting agents warned: 'Ensure eviction notices are correctly served'

Agents are being warned to ensure they serve eviction notices correctly as the ‘peak eviction’ summer period arrives.  Specialist tenant referencing service Rent4sure says particular attention should...

London agency beefs up lettings team by recruiting top fee earner

Chelsea estate agency Russell Simpson has appointed a new senior lettings director in a bid to boost the firm’s rental offering.  Having spent 14 years at W...

Survey reveals tenants get along well with agents and landlords

New research shows that the image of tenants with fractious relationships with their letting agents or landlords is generally untrue. No fewer than 69 per cent of landlords...

Reminder for agents and landlords - act now ahead of MEES

An investment company says agents and landlords should start taking measures to ensure their properties comply with the new Minimum Energy Efficiency Standards that come into...

Lib Dems want rent and deposit caps as well as agents' fees ban

The Liberal Democrats want a raft of additional controls on the private rented sector aimed at addressing what it describes as the “emergency” condition of the...

Massive slump in buy to let lending since stamp duty surcharge

Mortgage lending for the buy to let sector has halved since the introduction of the stamp duty surcharge in April 2016 according to data from the Council...

TPO expels two letting agencies after complex investigations

Two lettings agencies have been expelled from The Property Ombudsman redress scheme.   As we reported when the story broke yesterday afternoon, one case involves Lettings Solutions Ltd. It...

Valuations chief snipes at government's "anti-landlord policies"

Buy to let valuations fell to just seven per cent of the total valuations market activity in April as the sector paused following the introduction of...

Lettings market wobbling according to figures from board company

Data from Agency Express suggests that the lettings market is wobbling with a sharp decline in its usual measure - the number of ‘To Let’ and...

Two letting agencies expelled from The Property Ombudsman redress scheme

Two lettings agencies have this afternoon been expelled from The Property Ombudsman redress scheme. In one case, TPO expelled Lettings Solutions Ltd for two years after the...

Labour manifesto includes fees ban, rent controls and minimum tenancies

The Labour Party has published its full manifesto for the upcoming General Election on June 8.  Titled 'For the many not the few', the manifesto says the...

Charity crowdfunding for legal challenge against Right to Rent rollout

Immigration charity Joint Council for the Welfare of Immigrants (JCWI) has this week launched a crowdfunding campaign to raise funds for a legal challenge against a...

Student renters urged to reclaim tenancy deposits

As the end of the academic year approaches, one deposit protection scheme is urging student tenants to reclaim their deposits.  SafeDeposits Scotland says that its research shows...

Lettings supplier announces acquisition and targets multi-utility growth

Spark Energy - the specialist energy supplier to the UK lettings sector - has announced the acquisition of broadband firm Home Telecom. The Sussex-based broadband company provides...

Global agency the latest to drop up-front tenant fees

The UK arm of Sotheby's International Realty has announced that it has removed all letting agent fees while the government consults on a proposed ban. The agency,...

Minimum Energy Efficiency Standards are unenforceable, say rural landlords

A group of rural landlords has called on the government to clarify Minimum Energy Efficiency Standards (MEES) legislation being introduced next year.  The CLA, which represents 30,000...

Industry's 'outstanding learners' recognised at Propertymark Awards

A selection of letting agents, estate agents and property professionals were recognised as 'outstanding learners' at the Propertymark Qualifications Awards last week. The ceremony, formerly known as...

Letting agents and landlords could be operating illegally after law change

Agents and landlords with properties in Wales have been reminded they could be breaking the law if they're not signed up to the Rent Smart Wales scheme. Enforcement...

'London landlords increasingly investing outside the capital' - Countrywide

Property investors based in the capital are increasingly purchasing buy-to-let properties outside of London, according to Countrywide. The UK's largest agency's latest research shows that the proportion...

Best letting agents named at glittering ESTAS bash

Over 1,000 guests celebrated the success of the industry at the 14th annual ESTAS awards on Friday. The event, which is sponsored by Zoopla and took place...

Thousands of agents to campaign for Client Money Protection

This week, thousands of letting agents will be taking part in SAFEagent Awareness Week 2017. Agents taking part in the event – which is now in its...

Leeds is next stop for Legal & General Build to Rent project

Legal & General has announced that its fifth Build to Rent scheme will be in Leeds. The site, Mustard Wharf, has permission for 250 homes as well...

Landlords to shop around as annual agent fees hit £870 per property

Landlords are increasingly looking to reduce the fees they pay to letting agents due to industry tax changes and increasing management costs. The typical landlord spends £870...

Tenant happiness on the rise as more opt to rent long-term

A study of over 3,000 tenants has found that an increasing number of renters are 'very happy' with their living situation. LSL Corporate Client Department's 2017 Tenant...

Letting agency offering free management for landlords ahead of fee ban

A two-branch letting agent is offering landlords 0% management fees for six months in preparation for the proposed ban on agent fees. Parklane Properties, which is located...

There is no ‘buy-to-let famine’ in the capital, reports agent

Rental growth in London remained relatively stable during the first quarter of 2017, according to Benham & Reeves Residential Lettings. The firm's research has identified postcodes SW18,...

Agency takes initiative by encouraging landlords to speak out on licensing

A letting agency is urging landlords to respond to the consultations for three selective licensing schemes in its local area. homes4u, which operates in Manchester and Salford,...

Letting agents respond to pressure group's 'league table' of fees

Agencies are responding to the latest criticism of their fees on tenants, levied by the pressure group Generation Rent.    The group - which gave the comparative fees...

New warning from top agent to prepare for energy efficiency change

Agents and landlords are being warned by a property management agency to prepare for the next round of energy-efficiency regulation changes coming into effect next April.   Lee...

Tiny fine after 'potentially dangerous' buy to let property suffers fire

A private landlord in Saffron Walden has been fined for letting what the local council describes as “poor and potentially dangerous housing.”   Sarah Anne Henson pleaded guilty...

Suspended sentence after Fire Brigade prosecutes London landlord

A north London landlord who housed a family of five, including three children, in a cramped attic has been prosecuted by London Fire Brigade after admitting...

'Simplify lettings laws and enforce them better' urges buy to let expert

A buy to let expert says there should be stronger enforcement and streamlining of legislation in the private rental sector.   In a report commissioned by the TDS...

Brexit drop in EU student numbers 'significant impact on rentals'

A seven per cent fall in the number of EU students seeking places at UK universities, matched with a 4.3 per cent drop in domestic applications,...

Half of buy to let investors vague on cost of mortgage interest change

Almost half of the investors in the private rental sector do not know what the changes in mortgage relief will cost them between now and 2020.    Although...

Airbnb changes website after complaint over cost estimate

Airbnb has changed details on its website following a complaint to the Advertising Standards Authority.   The short-let platform’s website, seen on December 16 last year, provided cost...

Anti-fees street protest staged outside letting agency office

The campaign group Acorn, which has in the past named individual letting agencies that it claims are charging unfairly high fees, has now held a street...

PropTech boss says he wants 'transformation of letting agents'

The founder of a PropTech start up called No Agent says despite his firm’s name he does not want to see letting agents abolished - instead...

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